Author: NBTC
DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial. The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for the 102% increase in interest payments is the decision to incentivize use of the protocol’s newer Sky dollar stablecoin (USDS) over the existing DAI. “The Sky Savings Rate was kept very high at 12.5% relative to the rest of the market, driving massive inflows” Rune…
⚈ The world’s first spot XRP ETF has dropped 10% in its debut week amid market volatility.⚈ U.S. SEC has delayed the XRP ETF decision to June 2025, possibly tied to the Ripple case timeline.⚈ Approval odds sit at 74% as XRP futures ETFs await May launch. The world’s first spot XRP exchange-traded fund (ETF), listed under the ticker XRPH11 on Brazil’s B3 stock exchange, is off to a rocky start, tumbling nearly 10% over the past week. The XRP HASH CI ETF closed the May 5 trading session at R$19.30 ($3.47), ending the day down 3.5%. Over the past…
Quantum computing poses a real threat to crypto, and slow-moving governance processes risk leaving blockchains vulnerable, according to Colton Dillion, a co-founder of Quip Network, which provides quantum-proof vaults for storing digital assets. While the technology, which uses the quantum states of subatomic particles to perform calculations instead of transistors and binary code, is still in its infancy, companies including Google and Microsoft are pressing forward with research and development. The goal is a massive step-up in speed that makes tough calculations like cracking encryption, such as that used to protect blockchains, faster and simpler. And when quantum computing becomes…
Decentralized exchange Uniswap has introduced ‘one-click swaps’, according to an announcement on May 13, 2025. Uniswap (UNI) said the launch of the new feature, live on the decentralized exchange’s web application, supports smart wallets that are compliant with Ethereum (ETH) Improvement Proposal 5792. EIP-5792 enables a standardized interface for transactions, ensuring consistency whether they originate from externally owned accounts or smart accounts. “Introducing one-click swaps. Now live on the Uniswap Web App for smart wallets with EIP-5792 support. Fewer clicks, less gas, faster swaps,” Uniswap Labs noted. The rollout follows Ethereum’s Pectra upgrade, which expanded support for EIP-5792 to most…
Cryptocurrency exchange Binance has announced a buyback program for Haedal Protocol (HAEDAL), a liquid staking protocol built on the Sui blockchain, which is Binance Alpha’s project and was first listed on Binance. HAEDAL has announced the launch of a buyback program designed to reward its stakers. Under the initiative, 50% of the protocol’s weekly revenue (including liquid staking fees, HMM fees, and haeVault profits) will be used to buy back HAEDAL tokens from secondary markets. All repurchased tokens will be distributed weekly and proportionally to HAEDAL stakers. The team stated that they wanted to establish an organic and sustainable cycle…
South Korea’s leading cryptocurrency exchange Upbit has officially listed Nexspace (NXPC) in trading pairs with the Korean won (KRW), Bitcoin (BTC), and Tether (USDT), expanding access to the native token of the MapleStory Universe blockchain ecosystem. Upbit Lists Nexspace (NXPC) on KRW, BTC, and USDT Trading Pairs NXPC is the utility token of Henesys L1. Henesys L1 is the mainnet supporting MapleStory Universe, a blockchain-based virtual world based on the iconic intellectual property of Nexon’s globally beloved game MapleStory. The token supports multi-chain functionality via Avalanche C-Chain, enabling scalable and efficient transactions across decentralized applications. MapleStory Universe is Nexon’s ambitious…
Aave and Uniswap protocols recently created new records amid signs of a recovery in the cryptocurrency market. Record-breaking achievements by Aave and Uniswap amid a recovering crypto market raise the question: Are we witnessing the start of a new DeFi boom, or is this just a short-term surge? Whale Activity Signals Confidence in Aave With Ethereum (ETH) surpassing $2,500, a key milestone in a volatile crypto market, whale activity on Aave and milestones from Uniswap paint a picture of the decentralized finance (DeFi) ecosystem. A wallet linked to WLFI recently deposited 50 WBTC into Aave V3 and borrowed 400 million…
The Electroneum Hackathon 2025 awarded $52,500 in their native ETN token to decentralised application (dApp) developers who successfully demonstrated brilliant technical execution of their projects. The winners stood out thanks to their exceptional design quality, user experience, and scalability, among other key attributes. The goal of the Electroneum Hackathon, sponsored by Ankr, was to drive the creation of innovative, scalable, and functional dApps built on Electroneum’s Layer 1, EVM-compatible blockchain, which features 5-second single-block finality, low transaction costs, and high throughput. The Top Three Projects Awarded Over k in Prizes The Grand Prize of $10,000 went to the ElectroSwap team,…
Jeremie Davinci, an early Bitcoin adopter and YouTuber, has published a tweet that gained traction with the crypto community fast. Davinci has shared a CryptoQuant chart a drastic decline in the Bitcoin supply held on various cryptocurrency exchanges. He believes that soon it will be quite hard to buy any BTC at all. “Supply shock is brewing” Davinci published a chart and a message to the community, saying that there is “no Bitcoin left on exchanges.” The billionaire added that crypto miners are not selling BTC now, therefore, he concluded: “A supply shock is brewing.” However, the chart shows that…
The Sui blockchain continues to witness growing adoption and position itself as a formidable Solana competitor. The traction comes amid growing developer momentum, interest in Sui-based DeFi protocols, and successful integrations with real-world Web3 applications. Sui TVL Surge: What Users Need to Know According to DefiLlama data, the total value locked (TVL) on the Sui blockchain recently soared to a new all-time high of $2.1 billion. Despite a modest drop to $2.088 billion as of this writing, the traction represents a 17% surge from early May lows. Sui TVL. Source: DefiLlama Meanwhile, Sui-based lending protocols have seen a 78.86% spike…